I remember the work done by Sucheta Dalal in 1992 regarding the Harshad Mehta scam and thought I should draw your attention to the ONGC case. In 2004, Department of Disinvestment came out with a public issue of ONGC shares held by the Government of India. MCS were the registrars. There was a mess up in the issue and there was a huge problem about wrong allotment of shares. My son Kunal Kapil...
I have written to SEBI and Franklin Templeton to convert my SIP to ‘direct’ mode. But Franklin Templeton still charges 2.25% entry load. Their tactics are as follows. We were asked to submit fresh proofs and letters and even cancel the existing SIP even though other mutual funds were willing to convert on submitting a simple letter. Franklin Templeton’s official rudely indicated that while...
I am a distributor of mutual funds in Nashik.UTI MF’s Index Select Fund announced a 110% dividend on 11 January 2008. I had personally submitted four applications of Rs one lakh for four clients. UTI took one month to clear the cheque and all four clients have still not received the dividend. For the past month and a half, I have been following up with UTI MF’s office at Nashik and Mumbai but...
